News

 
  • KPMG Knew About Shenanigans at Wells Fargo in 2013, But Didn't Think They Were Material

    By:
    Chris Gaetano
    |
    Aug 18, 2017
    Big Four firm KPMG, which has served as troubled bank Wells Fargo's external auditor for 85 years, knew about the unethical and illegal conduct at the financial institution since at least 2013, but didn't feel what they found was material and so didn't note it in their reports. 
  • TIGTA: IRS Missed Collecting $1.1 Million from Delinquent Federal Contractors

    By:
    Chris Gaetano
    |
    Aug 18, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) faulted the IRS for improperly excluding certain federal contractors from the Federal Payment Levy Program (FPLP), which allows the service to systemically collect back taxes from Federal contractors at a minimal cost. In so doing, it has missed out on collecting about $1.1 million in back taxes. 
  • UK Regulator Levels Largest Fine in its History at PwC

    By:
    Chris Gaetano
    |
    Aug 17, 2017
    The UK's Financial Reporting Council, which regulates the accounting profession in that country, leveled the largest fine in its history, $6.6 million (or, roughly, 5.1 million pounds), at Big Four firm PwC over misconduct during its audit of RSM Tenon Group. 
  • 'Walking Dead' Creators Challenge AMC's Accounting Practices in Lawsuit

    By:
    Chris Gaetano
    |
    Aug 17, 2017
    The co-creators and producers behind hit cable series The Walking Dead have sued AMC Entities and related companies over what exactly constitutes "profit" when the production studio and TV network are owned by the same company. 
  • Poll: Finance Professionals Want to Both Lower Taxes and Cut National Debt

    By:
    Chris Gaetano
    |
    Aug 16, 2017
    A recent survey of 94 senior finance professionals has found widespread support for reducing taxes in many different areas, but also for reducing the national debt. 
  • Uber Agrees to Regular Privacy Audits, Adds Business Tools for Companies

    By:
    Chris Gaetano
    |
    Aug 16, 2017
    Controversial ride-sharing company Uber has agreed to regular privacy audits as part of a settlement with the Federal Trade Commission over what it said was a failure to protect the personal information of both its drivers and customers. It also, as a separate matter, has added new billing, expense and reporting tools for companies that use the service for business purposes. 
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Press Room

  • Long Island CPA Harold L. Deiters III Takes Helm of NY’s Largest CPA Group

    By:
    Michael Moi
    |
    Jun 15, 2017

    MELVILLE – (June 14, 2017) – Suffolk CPA, Harold L. Deiters III, a partner at Melville, Long Island, accounting and advisory firm, Baker Tilly, began his one-year term as President of the New York State Society of CPAs (NYSSCPA) June 1.

    Deiters takes the helm of the NYSSCPA as the organization pushes for legislation that would require peer reviews for all New York-based CPA firms, something only medium and large size firms have been required to do by law since 2011.

  • The CPA Journal Announces Max Block Award Winners

    By:
    Michael Moi
    |
    Jun 15, 2017

    NEW YORK (June 15, 2017) – The CPA Journal, “The Voice of the Profession,” published monthly by the New York State Society of CPAs (NYSSCPA), has announced the winners of its Max Block Distinguished Article Awards. Chosen by the magazine’s editorial and editorial review board members, the winning authors were recognized in three categories for the most outstanding and thought-provoking articles published in 2016.

  • CPAJournal.com relaunches with open access to public

    By:
    Michael Moi
    |
    Jun 12, 2017

    NEW YORK(June 12, 2017)The New York State Society of CPAs (NYSSCPA) today announced the relaunch of CPAJournal.com, an accounting and financial website hosting premium content, industry expert insight, practical guidance, and in-depth analysis for accountants and auditors, tax practitioners, financial executives, and the general public.

  • Winners of 2017 Excellence in Financial Journalism Awards Announced

    By:
    Maya Lindsay
    |
    May 23, 2017

    NEW YORK — (May 23, 2017) — The New York State Society of Certified Public Accountants (NYSSCPA) is pleased to announce the winners of its 2017 Excellence in Financial Journalism Awards.

    This award recognizes reporters from the national and local press whose work was published, posted or broadcasted in 2016, contributed to a better and balanced understanding of business or financial topics. Winners were selected by a panel of judges comprised of NYSSCPA members and financial journalists, who ranked submissions on accuracy, quality and thoroughness of research as well as a fair and balanced representation of the topic. This year’s winners will be honored during a luncheon ceremony on June 8 in New York City

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